Posted by Tobby > 2022-09-25 17:23 | Report Abuse

Perhaps the 2 years Covid pandemic has shown us that global economy has changed alot! We didn't see global economy break apart and triggered recession! Which is very odd really! Considering all the sudden we saw global supply chain went into halt!

Posted by Tobby > 2022-09-25 17:25 | Report Abuse

However, after Biden administration took over, Democrats when into spending spree! Print dollar like no tomorrow! Yeah, we do wonder what happen to the trillions printing! Actually, they didn't really print dollar literally! They just electronically add trillion of dollars into the system!

Posted by Tobby > 2022-09-25 17:28 | Report Abuse

Of course to mask such reckless monetary policy, Democrats had to do something! And yeah, war economy is a huge money maker!
Biden and Democrats were smiling ear to ear! Supply chain took a new form of weirdo! Oil, gas, fertile, wheat suddenly come to a halt! The entire world suddenly saw spike in inflation like we never seen before! Making things worst, we are in climate crisis and some countries are banning export of their commodity like wheat, rice and so forth! Oh yeah, prepare to eat less rice which is good for your health but bad for your pocket! Because by next year, we may see huge increase in rice price as India export ban on rice will have huge impact in Asia region!

Posted by Tobby > 2022-09-25 17:32 | Report Abuse

So Fed increase interest rate again! No, it's not to fight inflation like what they are telling the world! They are strengthening dollar so US can import things cheap! But this also means, domestic loans for business and private will go down! Hence less spending on expansion of business and also less loans for home and cars! Which also means we will see lower growth for US in general!
It's not that bad considering we may not go into global recession as first predicted!
However, US also has sinister agenda where they want a war with China! Like i said, war economy is much bigger economy for US than your normal GDP through businesses!

Posted by Tobby > 2022-09-25 17:34 | Report Abuse

But this also go the other way round! What if China doesn't want to go to war over Taiwan! Instead China focus on developing it's neighboring countries through debt diplomacy!
If China choose peace, then we may see HSRs linking all the neighboring countries! Which means, you can travel from KL to Beijing using HSR!

Posted by Tobby > 2022-09-25 17:37 | Report Abuse

Can we avoid global, or rather US slowdown! Sure we can! But the food supply chain is something we can't control! We can't control the weather! India can export rice or wheat because the weather in India is erratic!

Posted by Tobby > 2022-09-25 17:38 | Report Abuse

It's kinda complicated situation that we are facing lately! Climate crisis is on our door step! Economy may be secondary concern if climate crisis becomes dominate!

Posted by Tobby > 2022-09-25 17:40 | Report Abuse

In nutshell, we can't really see clearly what's ahead! This climate crisis is something that we cannot control!
What Malaysia can do is to increase self sufficiency! We import half of our rice! This is No.1 priority for Malaysia to ensure we don't get into rice shortage going forward!